Datawind Inc (TSE:DW) had its target price lowered by equities researchers at Canaccord Genuity from C$4.50 to C$0.75 in a research report issued on Tuesday. The brokerage presently has a “sell” rating on the stock. Canaccord Genuity’s price target would suggest a potential downside of 39.02% from the company’s previous close.

Separately, Haywood Securities restated a “buy” rating and set a C$4.50 target price on shares of Datawind in a research report on Wednesday, September 7th.

Shares of Datawind (TSE:DW) remained flat at $1.23 during trading on Tuesday. The company’s stock had a trading volume of 37,500 shares. The firm’s 50-day moving average is $1.23 and its 200 day moving average is $1.39. Datawind has a 52 week low of $0.90 and a 52 week high of $2.45. The company’s market capitalization is $27.20 million.

Datawind Company Profile

DataWind Inc (DataWind) is a Canada-based provider of Internet connectivity for the emerging markets. The Company’s Internet Delivery Platform offers a low-cost Internet connectivity solution by bundling a tablet device with an Internet browsing second-generation (2G) service plan. DataWind offers eight models of its tablet device, the UbiSlate, and three models of its smartphone device, the PocketSurfer.

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